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Last Tuesday, July 25, 2017. Bank of the Philippine Islands officially launched its first micro finance bank. BPI Direct BanKo, Inc or BanKo was the result of the merger of two specialized thrift banks unit of BPI, the BPI Globe BanKo and BPI Direct Savings Bank Inc.
BanKo will be a big help to self-employed micro entrepreneurs ( SEMEs) which has a small business. BanKo will be providing these small business entrepreneurs affordable and appropriate loan products that will be beneficial to their growing business with the help of financial expert advice and solution.

As we all know there are a lot of informal channels where SEMEs borrowed money for investment thinking it will be a greater help for their business but instead of doing more good it causes harm to their business. With BanKo, they provide a more formal platform which is more easy, accessible and they can get affordable loans.

BanKo recently opened 15 new branches around the country including Bicol, Negros, Davao and centr…